The following transactions of Bass drum Music Company occurred during 2017 and 2018: (Click the icon to view the transactions.) Requirement Record the transactions in Bass drum's joumal Explanations are not required. Purchased a Steinway piano inventory) for 543,500, signing a six month, 5% note Journal Entry Date Accounts Debit 2017 31 Credit 526,500 principal plus interest. Record the short-term note payable in a separate account from the long term note payable Borrowed 553,000 on a 16% note payable that calls for annual installment payments Journal Entry Date Accounts Debit 2017 Apr 30 Credit 0 Transactions - X Paid the six month, 5% no at maturity (Hold all decimals for Interim calculations, Round your final answer to the nearest whole number.) Journal Entry Date Accounts Debit Credit 2017 Sept. 3 2017 Mar. 3 Purchased a Steinway plano inventory) for $43.500, signing a six-month, 5% note. Apr 30 Borrowed 553,000 on a 10% note payable that calls for annual installment payments of 526,500 principal plus interest Record the short-term nate payable in a separate account from the long term not payable Sept. 3 Paid the six month, 5% nole al maturity Dec. 31 Accrued warranty expense, which is estimated at 5.5% of sales of $197.000. 31 Accrued interest on the outstanding note payable. 2018 Apr. 30 Paid the first installment plus interest for one year on the outstanding note payable. Print Done lccrued warranty expense, which is estimated at 5.5% of sales of $197.000 Journal Entry Accounts Debit Credit Date 2017 Dec. 31 leered interest on the outstanding note payable. (Hold all decimals for Interim calculations. Round your final answer to the nearest whole number.) Journal Entry Date Accounts Debit Credit 2017 Dec 31 Paid the first installment plus interest for one year on the outstanding not payable (Hold all decimals for Interim calculations. Round your final answer to the nearest whole number.) Journal Entry Date Accounts Debit Credit 2017 Apr 30